Mike

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Mike

Mike

@prgmtn2016

SPX scalping master | options | dividends | Day trader. Join the FREE Telegram room

Katılım Temmuz 2016
149 Takip Edilen350 Takipçiler
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Mike
Mike@prgmtn2016·
My FREE telegram room absolutely kills it everyday! Best free trading room out there. We are locked in! $spx $spy all our welcome! Link in bio.
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Mike
Mike@prgmtn2016·
@thetechlao It's hard to have a red day with that strategy. I don't need home runs I need base hits. Depending on the contract and PA you can make a simple $100 per contract very fast with $spx. To many people fixated with big percentage gains.
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Shen Lao
Shen Lao@thetechlao·
0DTE traders waiting for a $3 SPY drop: waiting... watching... theta ticking... premium decaying... still waiting... 0DTE traders who understand the actual edge: SPY hits $650 resistance. rejects $0.50. option up 20%. exited. buying power back. ready for the next one. here's what most people miss: a $0.50 move on SPY = 15-20% gain on your 0DTE option. not because the move is huge. because 0DTE options are so sensitive to small price moves — especially right at the money. resistance levels don't need to collapse for you to win. they just need to pause. push back. move $0.50. that's your trade. that's the whole thing. you're not here to predict where $SPY goes for the rest of the day. you're here to read one reaction at one level, capture one small move, and leave. SPY will come back to that level. it always does. your job is just to be ready when it does. try that.
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Mike
Mike@prgmtn2016·
@ddw88523 Nothing wrong with sitting it out but telling people "this is what you get" is wrong. I traded $SPX ODTE today with pretty good success. You don't vix, you need levels and PA. People really overthink trading. This market is for day traders!
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DDW88523
DDW88523@ddw88523·
$SPY this is what you get trading 0DTE when VIX is 30. No one forces you to trade. Biggest gift to be a successful trader is doing nothing when risk reward is low
DDW88523 tweet media
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Mike
Mike@prgmtn2016·
We trade and teach for free cause we are for the people! I’ll teach you everything this person knows for free! $spx
Tori 💜@toritrades

here we go again. It’s a pretty common theme to attack me and discredit everything I do, regardless of what I share to prove otherwise. Why? Because it gains traction for all the influencers. i wanted to address the “paper trading” allegations on X, but before i do i want to point out that the ones capitalizing on the engagement are the same ones who have flip flopped their narrative on me again and again. the same people saying i’m a paper trader suddenly decide my trading is real when im losing or in drawdown. whatever positioning gets them the most engagement is the narrative they run with. I’ve been trading for 11 years now and have a longer track record than most in this space. If you go back and watch my YouTube videos you’ll see my broker statements presented. I can appreciate healthy skepticism and will continue to show the statements to those it benefits. Now let’s address the paper trading allegation. A video is floating around that I posted where you see “paper trading” on my screen. Yes, I had paper trading open. But why is the first assumption that I’m a paper trader? Am I not allowed to open paper trading? If I do, I’m immediately a paper trader? That window was open because I tell everyone in my community to paper trade first and I walk them through how to do it. See the attached video that I recorded for my community where you can clearly see paper trading open while I’m walking them through TradingView paper trading. Now let’s assume I’m lying about that and people still want to call me a paper trader simply because I had paper trading open while teaching my community. That would mean I don’t trade real money and that I’m not profitable. Well I’ve posted my broker statements for the last four years, all on YouTube. See attached. Let’s also address my recent trade where I made $18k. When I posted it, people on X said it was fake and that it was paper trading because of certain settings. Here is the attached order ID number for that trade. I’m up $57k this year so far and I’ve stopped sharing trades and updates with the trading community because regardless of whether I share or not, people will continue to come at me because it gets views. All items are attached below. I’ll make a YouTube video soon to address this as well. But give it a break at this point.

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Phil
Phil@PhilipSoungCho·
@prgmtn2016 Bullshit. You work for free? Stop scamming people
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Mike
Mike@prgmtn2016·
@MyBankIsFat 2m chart gave you the 674 level and just had wait it out
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ITM Banks
ITM Banks@MyBankIsFat·
been thinking of making switch to futures especially with days like today where theta burns me but the move is there
ITM Banks tweet media
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Mike
Mike@prgmtn2016·
Ffs we didn’t blow shit in my room. Just waited all fucking day for the level break and banked.
L2WTrades@L2WTrades

every prop firm trader I know who's blown an account in the last 90 days blew it on a friday this isn't a coincidence. friday is designed to take your money here's why: institutional desks reduce exposure before the weekend. that means the order flow that creates your edge between 2-5am and 8:30-11am is thinner on friday than any other session day thinner order flow means: wider spreads on entries faster stop hunts with less volume behind them false displacements that look real but have no follow-through ranges that expand just enough to trigger your entry then reverse the setup looks identical to Tuesday's setup. same sweep. same displacement candle. same FVG but the volume behind it is 30-40% lower your 3R target that runs clean on Wednesday stalls at 1.5R on Friday and reverses into your stop you didn't do anything wrong. the session did here's the data: i pulled 6 months of NQ setups identical model. identical confirmation criteria. identical entry logic Monday through Thursday win rate: 51% Friday win rate: 36% Monday through Thursday average R on winners: 3.1R Friday average R on winners: 1.9R same setup. same criteria. same system friday alone destroyed the monthly edge of three traders who were otherwise profitable one trader was net +$6,200 for the month across Monday-Thursday. friday's alone cost him -$4,800. his "profitable month" ended at +$1,400 because he didn't treat friday differently the fix is almost offensively simple: option 1: don't trade friday. period. your week is monday through thursday. friday is for review, journaling, and preparation for next week. this alone would have saved every blown account in the last quarter option 2: trade friday at half size. 0.25% risk instead of 0.5%. accept that the session has less edge and size accordingly. the reduced expectancy gets offset by the reduced risk option 3: only trade Friday if the setup appears in the first 30 minutes of your session window. if it doesn't confirm fast, the volume isn't there. close the platform the traders collecting consistent monthly payouts aren't trading five days a week. they're trading four days a week and treating Friday like a rest day with optional participation one fewer session. significantly higher monthly returns. because the session you removed was the one dragging everything down your model works. it just doesn't work the same every day of the week stop pretending all sessions are equal. they aren't. the math proves it I teach session selection and the exact day-of-week framework inside my free Discord. Live sessions every morning with real data on which days have edge and which days are traps. Link in bio.

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Mike
Mike@prgmtn2016·
@Kanye_Invest You’re missing some good ODTE set ups. Spx scalps!
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Kanye Invest | Not Kanye West
Kanye Invest | Not Kanye West@Kanye_Invest·
Not sure about you guys but I’m enjoying this little vacation $SPY has been giving us. Not trading $SPY till we have some commitment to the upside or downside.
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Mike
Mike@prgmtn2016·
Everyone on x today regarding AI #ai
GIF
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Mike
Mike@prgmtn2016·
close below 683 and scalp the EOD puts $spx $spy
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Mike
Mike@prgmtn2016·
@TheTradingChamp just had to look at the right timeframe in the spy chart to know we were going head south.
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TheTradingChamp
TheTradingChamp@TheTradingChamp·
$spy warning: today is opening as an inside day this is when the current daily candle opens/closes between the prev daily candle range (high and low) typically we see chop on these days so be careful of sizing heavy
TheTradingChamp tweet media
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Mike
Mike@prgmtn2016·
$vmhg a little sell the news this morning
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